Fire-Resistant Fabrics Market size is poised to exceed USD 12.5 Billion by the end of 2035, growing at over 9.1% CAGR during the forecast period, i.e., 2023 – 2035. In the year 2022, the industry size of fire-resistant fabrics was USD 4.4 Billion. The market growth is due to increasing stringent workplace safety regulations and surge in the number of worker deaths in developed countries. In addition, the employees are more exposed to hazardous conditions, which increases the demand for fire resistant fabrics.
Moreover, growing advantages of the fabrics in commercial as well as residential areas will boost the fire-resistant fabrics market expansion. Also, the fabrics are used in home furniture, so that it does not catch fire and make the surroundings safe for the residents.
Furthermore, vehicle seats can be made with the help of fire-resistant fabrics, to protect them from the fire flames. Hence, the rising sale of automobiles it is anticipated to impel the growth of global market in the upcoming years.
|
Base Year |
2022 |
|
Forecast Year |
2023-2035 |
|
CAGR |
~ 9.1% |
|
Base Year Market Size (2022) |
~ USD 4.4 Billion |
|
Forecast Year Market Size (2035) |
~ USD 12.5 Billion |
|
Regional Scope |
|
Growth Drivers
Challenges
Application (Apparel, Non-Apparel)
The apparel application segment is expected to garner a significant share of around 56% by 2035. This can be credited to increasing use of protective clothing in the industries. In addition, there is a surging need for this fabric for people who work in environments that involves hazards, such as electricians.
End Use Industry (Transportation, Industrial, Defense & Public Safety)
The industrial end-use segment is estimated to gain the largest market share through 2035, attributed to rising application of various government regulations related to workers safety in the industries. These regulations are majorly focused on the oil & gas industry, as more oil reserves are found in the world.
Our in-depth analysis of the fire-resistant fabrics market includes the following segments:
|
Application |
|
|
End Use Industry |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this Report
APAC Market Forecast
The Asia Pacific fire-resistant fabrics market is projected to dominate more than 32% revenue share by 2035. The regional industry expansion is driven by the fire incidents that occur in a variety of industries, including oil & gas, automotive, and others. Clothing composed of fire-resistant materials can help the workers in these industries.
In addition, owing to increased investment in the automotive sector, it is also anticipated that the market size in the APAC region will increase. The fire-resistant textiles are incredibly durable for the seat coverings in addition to providing just fire protection.
North American Market Statistics
North America market is predicted to be the second largest, registering a share of about 26% by the end of 2035, as the government regulations are becoming more stringent in the region. Also, the major end-users are becoming more mature through taking better care of their workers as well as their customers.
European Market Analysis
The Europe fire-resistant fabrics market revenue is anticipated to witness substantial growth till 2035, led by presence of a large number of manufacturers in the automobile sector. Moreover, the countries in the region are becoming more mature through spending more on safety.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Increasing incidence of fires in the oil and gas industry, surging investment in electric vehicles, and growing aviation industry are the major factors driving the market growth.
Ans: The market size of fire-resistant fabrics is anticipated to attain a CAGR of ~9.10% over the forecast period, i.e., 2023 – 2035.
Ans: Lack of safety compliance in the industrial sector, and complicated technology used for the production of the fire resistant fabrics are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Kaneka Corporation, Gunei Chemical Industry Co., Ltd., W.L. Gore & Associates, Inc., PERFORMANCE PRODUCTS INC., Huntsman International LLC, Lenzing AG, Teijin Limited, Milliken & Co group, Royal TenCate Protective nv, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by application, end-use industry, and by region.
Ans: The industrial segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?